Kuwait Cable Market Size and Forecast by Cable Type, Conductor Material, Insulation Type, Voltage Level, Installation, and Application: 2019-2033

Kuwait Connector Market Outlook

The cables market in Kuwait is experiencing significant growth, propelled by substantial government investments in infrastructure, renewable energy, and digital transformation. As per David Gomes, Manager – Semiconductor, the market is projected to grow at a CAGR of 5.7% during the forecast period, reflecting the nation's commitment to modernization and economic diversification.

A primary catalyst for this growth is Kuwait's ambitious infrastructure development under the Vision 2035 initiative. In 2023, the government allocated $27.6 billion to infrastructure projects, with an additional $1.4 billion earmarked for 2024-2025. Key projects include the expansion of Kuwait International Airport to accommodate 25 million passengers and the development of a metro rail network in Kuwait City, both of which require extensive cabling solutions. Furthermore, large-scale housing projects valued at approximately $135 billion, such as the expansion of Saad Al Abdullah, South Sabah Al Ahmad, and East Sabah Al Ahmad, are set to drive demand for low-voltage cables in residential and commercial sectors.

The energy sector also plays a pivotal role in the cables market's expansion. Kuwait's National Energy Efficiency Action Plan (NEEAP) aims to reduce energy consumption by 15% by 2030, leading to the issuance of $353.7 million in tenders for electricity, water, and renewable energy projects . The development of renewable energy projects, such as the Shagaya Renewable Energy Park, necessitates high-quality cables to connect solar and wind farms to the national grid, ensuring efficient power transmission. Additionally, the anticipated increase in electricity generation capacity by over 13.2 GW by 2035 underscores the need for modern wiring and cabling solutions.

Digital transformation initiatives are further influencing the cables market. Kuwait data center market is projected to reach $XX million by 2033, with major operators like Ooredoo and Zajil Telecom establishing facilities in Kuwait City. The presence of submarine cables, such as FALCON, FOG, GBICS, and the upcoming 2Africa cable, enhances connectivity and supports data center investments. These developments require advanced cabling infrastructure to support high-speed data transmission and ensure network reliability.

Leading companies in Kuwait cables market include Gulf Cables & Electrical Industries Group Co., Elsewedy Electric, Alfanar Group, MESC, Bahra Electric, and Prysmian Group. These firms are instrumental in supplying cables for various applications, including power utilities, construction, and telecommunications. Notably, Gulf Cables & Electrical Industries Group Co. is the only domestic manufacturer and exporter of power cables, control cables, telecommunication cables, and overhead conductors in Kuwait.

In terms of market segmentation, low-voltage cables dominate due to their extensive use in residential and commercial sectors. Power cables hold the highest revenue share, driven by their essential role in infrastructure and power projects. Overhead low-voltage cables are preferred for their cost-effectiveness and suitability for Kuwait's climate, particularly in urban and semi-urban areas.

Looking ahead, the cables market in Kuwait is poised for sustained growth, supported by ongoing infrastructure projects, energy sector developments, and digital transformation initiatives. Manufacturers and stakeholders must focus on innovation, quality, and compliance with international standards to capitalize on emerging opportunities and meet the evolving demands of the market.

Authors: David Gomes (Manager – Semiconductor)

*Research Methodology: This report is based on DataCube’s proprietary 3-stage forecasting model, combining primary research, secondary data triangulation, and expert validation. [Learn more]

Kuwait Connector Market Scope